Allen E. Dillard - Jan 31, 2023 Form 4 Insider Report for LAKELAND INDUSTRIES INC (LAKE)

Role
COO & CFO
Signature
/s/ Allen E. Dillard
Stock symbol
LAKE
Transactions as of
Jan 31, 2023
Transactions value $
-$7,124
Form type
4
Date filed
2/2/2023, 02:03 PM
Previous filing
Sep 13, 2022
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LAKE Common Stock, par value $.01 per share Options Exercise +1.64K +5.14% 33.6K Jan 31, 2023 Direct F1
transaction LAKE Common Stock, par value $.01 per share Tax liability -$7.12K -492 -1.47% $14.48 33.1K Jan 31, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LAKE Restricted Stock Units Options Exercise $0 -1.64K -50% $0.00 1.64K Jan 31, 2023 Common Stock 1.64K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 On June 16, 2021, the reporting person was granted 4,923 RSUs. 1,641 of the RSUs vested on June 16, 2022, another 1,641 of the RSUs vested on January 31, 2023 and the remaining 1/3 of the RSUs will vest at the end of the third year of the performance period; provided that, the reporting person remains in continuous service through the vesting date. These RSUs are part of a larger grant of RSUs, the vesting of the remainder of which is subject to achievement of certain performance conditions, as well as continued service through the vesting date.